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Saturday, 17 October 2015

Important Report : Why pulses are on fire: India's food math explained..

Important Report : Why pulses are on fire: India's food math explained..

Where does a 12% decline translate as 100% increase? In the bizarre world of India's food math. Production of pulses slipped down by 12% in 2014-15 compared to the previous year. As a result, prices of this essential item have zoomed up by more than 100% across the country. The government is scrambling to retrieve the situation, especially because an important election is being fought in Bihar and the festive season is just beginning. It's a kind of an onion moment - where merciless spikes in onion prices in the past led to political upheavals.


But why are pulses on fire? Here are the basics: India consumes around 23 million metric tons (MMT) of pulses. This is an aggregate of a variety of pulses including gram (chana), tur or arhar, mung, masur and urad. Pulses are the main source of protein for a very large number of people in the country - each 100 grams contains about 32 grams of proteins and several amino acids not made by the body. So, it is an essential part of Indian meals. Naturally, India is the largest producer and consumer of pulses in the world.


But India's production of pulses has stagnated at around 18-19 MMT for several years now. The shortfall between production and consumption is made up by imports, mainly from Canada, Myanmar and some African countries.

This balance has been maintained at a huge cost to the people. A population growing at the rate of about 2% per year in the past decade should have quickly overtaken the pulses rate of growth which was less than half of that. This has not happened because the amount of pulses consumed per person has relentlessly declined over the past several decades. From about 61 grams per person per day in 1951 to about 42 grams in 2013.

This year the balance has been rudely and dramatically upset. In 2014-15, production of pulses was clocked in at 17.4 MMT - a decline of 2.4 MMT or 12% over the previous year. This was caused by various factors including unseasonal rains, pests, and unprofitable prices for offered to farmers even as import duties were waived.



This decline appears to have been seized as an opportunity to make a quick killing by traders - both domestic and global. There are reports of pulses stocks lying in warehouses at ports as traders wait it out and allow shortages to pump up prices even more. And, exporters in touch with producers from Canada (mainly lentil or masur), Myanmar (mainly tur) and Australia (mainly chickpeas or Kabuli chana) have hiked up the rates because India is the biggest player in the pulses import market.

So, in 2014-15, India has imported 4.6 MMT pulses, up 31% compared to the previous year. International prices have risen in tandem from Rs 32 per kg to Rs 50 for chana, from Rs 56 to Rs 75 for lentil, from Rs 40 to Rs 90 for tur, and from Rs 50 to Rs 77 for urad between October 2014 and August 2015 according to the latest agriculture ministry profile.

The government on its part is tinkering around at the periphery by ordering about 7000 metric tonnes of pulses in the international market and "invoking" the Rs.500 crore price stabilization fund to subsidise transport of pulses stocks from ports to retailers. In a country that consumes over 6000 metric tonnes of pulses every day, this can hardly be expected to bring down prices.

Experts have called for a new impetus to pulses production with new seeds, better pest control, better support prices and a much better organized market so that the future expected requirement of pulses can be met. Otherwise India faces a protein famine in the coming years....

Read Full Report on our Website ::  www.feedgrainagri.com  ( Latest News)

Source: Times of India
 
 


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Monday, 27 July 2015

Breaking News India has decided to introduce an import duty of 10 percent on wheat


The government is considering imposing 10 per cent import duty on wheat to curb shipments and liquidate poor quality grains lying in FCI godowns. 

At present, there is no import duty on wheat. Flour millers and private traders are importing wheat on lower global prices and lack of high-quality grains in the domestic markets. 

Imports are happening despite bumper domestic wheat output in the 2014-15 crop year and surplus stocks with the Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains. 

"The Food Ministry has proposed imposition of 10 per cent import duty on wheat imports. A final call on this issue would be taken after consultation with the ministries concerned," a senior government official told PTI. 

"There is a need to restrict overseas purchases as there is sufficient stock in the country," the official added. 




FCI has procured 27.6 million tonnes of wheat so far in the current marketing year that started from April. "Of which, 20-30 per cent of the grain is of poor quality and that need to be disposed of soon," the official said. 

The corporation had to procure poor quality wheat as it relaxed norms for procurement of the grain this year to protect farmers, whose crop got damage due to hailstorms and unseasonal rains in February-April. 

Amid sluggish supply of high quality wheat, priva .. 


Amid sluggish supply of high quality wheat, private flour millers have started importing wheat from Australia for the first time in a decade. 

They have already contracted for import of 5,00,000 tonnes of wheat from Australia and are planning to purchase another 5,00,000 tonnes from France and Russia. 

It is cheaper to import as landed cost of wheat is about Rs 16/kg as against Rs 17-18/kg for wheat that is purchased and transported from Madhya Pradesh to Tamil Nadu. 


FCI has huge stock of 40 million tonnes of wheat despite drop in production to 90.78 million tonnes in 2014-15 from record 95.85 million tonnes in the 2013-14 crop year. 



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Wednesday, 1 April 2015

Market Reports :India start Import wheat from Australia. Biggest wheat import deals since 2010 in India.

Indian flour millers have bought between 70,000 and 80,000 tonnes of Australian prime wheat for April-May shipment at $260-$265 a tonne, including cost and freight.

"At times some port-based flour millers in southern India import high-protein wheat from Australia to take advantage of freight rates and lower global prices," 

If international prices are lower, it becomes economical to import rather than get cargoes transported from the main production centres in central or northern parts of India.

The imports are also being fuelled by global freight rates, which plunged to a record low last month.


India has bought up to 80,000 tonnes of Australian wheat in recent deals, three trade sources said on Tuesday, the biggest such imports by the country.
We don't expect India to buy large volumes as they have substantially large stocks.
India imported around 200,000 tonnes of wheat in 2010, U.S. Department of Agriculture data shows, and purchases since then have been low because of bumper domestic production.
Stocks lying with the state-run Food Corporation of India totalled 19.52 million tonnes on March 1, substantially higher than a target of 4 million tonnes ....Read full report on our web ; www.FeedGrainAgri.com   or

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Monday, 30 March 2015

Indian Wheat harvesting in Punjab, Haryana may get delayed due to untimely rains


The current spell of untimely rains along with strong winds are "very harmful" for wheat crop as it could not affect the yield adversely, besides delaying harvesting in Punjab and Haryana for a few days, say experts. 



Punjab and Haryana expect wheat procurement of about 125 lakh tonnes and 65 lakh tonnes, respectively, during the coming Rabi marketing season, starting next month.
 
Punjab has projected wheat output of 168 lakh tonnes for the current season. Haryana is expecting wheat production of 113.9 lakh tonnes as against last season's production of 118 lakh tonnes. 



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Feed and Grain Agri Brokers
Brokers / Indenting Agent 
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Tuesday, 10 March 2015

Wheat output may surpass last year's record 95.85 million tonnes: Agriculture Ministry of India

The country’s wheat production this year is likely to surpass the previous record of 95.85 million tonnes achieved in 2013-14, notwithstanding some crop damage in few places due to recent unseasonal rains, a top agriculture ministry official said on Tuesday. India, the world’s second-biggest wheat grower, could set a fresh record if the current low temperature continues and there are no rains in the current month, agriculture secretary Siraj Hussain told reporters on the sidelines of “Pusa Krishi Vigyan Mela”. In its second estimate, the ministry had last month pegged wheat output slightly lower at 95.76 million tonnes for the ongoing 2014-15 crop year (July-June). “Damage to wheat crop is limited to few areas only. The current low temperature will further boost productivity. I believe wheat production this year would be a record. My own assessment is that wheat production this year is going to be very good, may be more than last year,” he said. There were reports of damage in some areas but the crop prospects are good. “The crop yields are expected to improve if the current low temperature continues and there are no rains in the current month,” Hussain said. “Wheat crops, which have fallen flat on ground due to heavy rains and winds in some areas, could recover if the current weather continues,” he added. Echoing views, Indian Agricultural Research Institute (IARI) joint director research D.V. Prabhu said, “The recent rains have rather been beneficial to wheat crop. We expect wheat production to be a record 97-98 million tonnes. Total production could even touch 100 million tonnes if good weather prevails till harvesting,” he added. Standing crops in over 50 lakh hectares in Uttar Pradesh, Maharashtra, Punjab, Rajasthan and West Bengal have been damaged by the recent unseasonal rains, according to the government’s data placed before Parliament.